FinTech 25 Mart web ENG · 2020-03-26 · Design and Graphic Application TERMINAL MEDYA LTD. STI....
Transcript of FinTech 25 Mart web ENG · 2020-03-26 · Design and Graphic Application TERMINAL MEDYA LTD. STI....
FINTECH ACTIVITIESIN TURKEY AND AROUND THE WORLD
Design and Graphic Application
TERMINAL MEDYA LTD. STI.Maslak Mah. Bilim Sokak No: 5 SUN Plaza Kat: 13 Sarıyer / ISTANBUL
+90 (212) 367 4988 and +90 (532) 643 6959
EditorÖZLEM ÖZKAN
Graphic ApplicationUFUK KAYRAK
Printed bySET POZİTİF MATBAA
Maslak Mahallesi Ahi Evran Caddesi Rentaş İş Merkezi A Blok No: 62 Sarıyer / İSTANBUL
+90 (212) 286 4933
04 INTRODUCTION
05 INDUSTRY REVIEWS
06 FINTECH EXITS IN 2019
07 PROGRESS OF FINTECH INVESTMENTS IN TURKEY
08 2019 FINTECH INVESTMENTS IN TURKEY
10 NOTES FROM THE WORLD OF FINTECH
14 FINTECH IN NUMBERS
17 TURKISH FINTECH ECOSYSTEM MAP
3
FINTECH ACTIVITIESIN TURKEY AND AROUND THE WORLD
2019 was an active year for Turkey’s fintech ecosys-tem. The actions taken by the government in the ecosystem can be succinctly summarized as the formulation of a fintech vision, the enforcement of supporting regulatory actions, the transferring of rights between the BRSA and CBRT, and the decision to establish a professional organization. On the invest-ments side, news of exits and new investments from İyzico, Foriba, Paraşüt, Kredico and Hesap Kurdu in the first half of 2019 had a positive impact. Indicating the serious potential held by fintech in Turkey, the fintech ecosystem closed 2019 with approximately $8.4 million in investments (about 8% of the investment raised by startups in Turkey) and became the vertical with the highest number of transactions in the entire startup ecosystem with 17 investments.
The successful outcomes achieved by FinTech Istanbul in focusing its operations on open banking in 2019 and uniting banks and startups has also had positive implications for the industry at large. Our efforts to present the problems and pose solutions with respect to the industry have yielded important outcomes in terms of legislative compliance and the transformation process. Furthermore, those outcomes have provided significant inputs to the formation of regulations on this issue in Turkey.
Since working on the healthy development of the fintech ecosystem in Turkey since 2016, FinTech Istanbul continues to add value to the fintech ecosys-tem with new reports and industry surveys this year. The report “Fintech Activities in Turkey and Around the World” serves as a significant snapshot of the previous year, and illustrates the potential of the next year to investors. In this sense, I hope that the report will offer a collective review of Turkey and raise the interest of foreign investors.
In 2019, organizations started to notice the
importance of fintech and fintech startups. They
began working with fintech startups through their
acceleration programs and invested in them through
their corporate venture capital funds. More than half
of 13 (7) corporate venture capital funds established in
Turkey in the last three years were established by
financial organizations. Furthermore, such corporate
venture capital funds played a part in 20% of the
investments made in the last three years.
2019 was a year that fintechs that had raised funds
for a long time began accumulating value. All 3 of
2019’s most successful exits occurred in the field of
fintech.
This, combined with increased public support, has
further solidified entrepreneurs’ interest in fintech.
This growing interest has begun to yield deeper and
more creative projects than those stuck in the field of
payment systems or than intermediary projects that
simplify banking services, as in the past. Credit
scoring, new service models in corporate banking and
budget management are examples of recent projects
that fintechs focus.
In light of these, 2019 was a successful year for
fintech, which indicates more breakthroughs to come.
4
INTRODUCTION
Prof. Dr. Selim YAZICIFinTech Istanbul /Co-Founder
İhsan ELGİNFinTech Istanbul /Co-Founder
INDUSTRY REVIEWS
5
In 2019, the finance world continued its operations uninterruptedly to provide users with the best service. Banks and fintechs continued to cooperate with the awareness that together they could make a larger impact. Venture capital funds came to fruition while banks created more startup acceleration programs. We entered a period of diversified venture capital funds, which will contribute to the success of fintechs. These are valuable developments and I believe more banks will take similar steps once they witness successful examples.
One of the key developments in 2019 took place is open banking. Innovation and competition will increase as open banking services begin to diversify, allowing individuals to share their banking data with authorised organizations. Pioneered by regulators in Europe and innovative banks in the USA, open banking has achieved a more balanced and “hybrid” launch in Turkey. In line with the regulations to be made by the CBRT, open banking will have a well-defined framework and will securely spread in the most secure manner for all parties.
Another common issue in Turkey and around the world is the central bank digital currencies (CBDC). As payments become digital, banknotes issued by the central banks are used less frequently. As being respon-sible for financial stability, central banks have taken steps towards this transformation by adding the concept of CBDC to their agenda. Turkey has also placed this matter on its agenda. Such efforts carried out by the CBRT and TÜBİTAK will become concrete in 2020.
We saw that the 11th Development Plan and the Presidential Annual Program included items that may meet industry expectations. A comprehensive roadmap was drawn that includes financial literacy, open banking, experimental fields, the establishment of Turkey Association of Payment and Electronic Money Institutions, CBDC and the enhancement of the fintech ecosystem.
In 2019, Turkey rapidly adapted to the innovation in the finance industry. We believe we will reap the benefits of the steps taken in these fields.
While $294 billion was invested in the startup ecosys-tem worldwide in 2019, the startups in the United States, China and India received two-thirds of this amount. Turkey was relegated to the second league with a $62-million investment in 2018, but subsequent-ly managed to return to the first league in 2019 thanks to the fund raised by Getir. Turkey ranked 20th among 36 European countries with a $102 million of invest-ment in 2019. Compared to Middle Eastern and North African (MENA) countries, it ranked 3rd after Israel and the UAE.
Other notable issues in the startup ecosystem were state subsidies and female entrepreneurs. TÜBİTAK and KOSGEB granted $8.6 million of state incentive to 985 startups at the idea phase. While investors invest-ed $95 million in 91 startups at the SME and growth phases, TÜBİTAK and KOSGEB provided 983 startups $24 million in state incentives. Female entrepreneurs took part in 16% of the technology startups founded from 2010 to 2019. This put Turkey in the 4th place in Europe after Czechia, Italy and Portugal.
Baby products, social startups, fashion, nanotechnolo-gy, biotechnology, giftware, cosmetics, food, sharing economy and food distribution industries had the most female entrepreneurs, respectively. 58% of the baby care startups, which had the highest rate of female entrepreneurs, were founded by women.
While a total of $102 million invested in 94 startups, the top 10 startups had 72% of that investment. On the other hand, while fintech had an 8% share with a $8.4-million investment, it managed to become the vertical that received the highest number of invest-ments, 17 fintech startups secured investments in 2019. This inspires hope for the development of fintech.
Key exits also occurred in the fintech world. The acquisitions of İyzico, Foriba and Paraşüt was a motiva-tion boost both for entrepreneurs, local investing funds and for the Turkish startup ecosystem.
Dr. Soner CANKOBankalararası Kart Merkezi /CEO
Serkan ÜNSALStartups.watch /Founding Partner
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One of the key indicators of the Turkish fintech ecosystem was exiting startups.
8 fintechs managed to exit in 2019, which indicated a resurgence of
foreign investors’ interest in Turkey and raised the motivation of the ecosystem.
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FINTECH EXITS IN 2019
> Source: Startups.Watch
Fintech
Mobven
MPTS Turkey
iyzico
Paraşüt
Foriba
Panaroma Bilişim
HesapKurdu*
Kredico
MPTS Turkey
Acquirer
Payten
PayCore
PayU
DST Teknoloji
Sovos
Verifone
Koalay
Maher Yatırım Holding
Date
September 9
June 18
June 11
May 30
May 28
May 15
February 19
January 22
Share %
100%
100%
100%
100%
100%
49%
8%
51%
(*) Merger Transaction
2,2
Capital Invested ($mn)
* Invested capital is calculated via estimated deal sizes for undisclosed rounds.
> Figure 1 (Source: Startups.Watch)Deal Count
2013
6,6
2014
11,3 11,3 12,2
2015 2016
20,8
2017 2018
8,4
2019
PROGRESS OF FINTECH INVESMENTS IN TURKEY
3
6
8
13
17
14
17
Fintechs received $8.4 million capital in 2019. It was $12.2 million in 2018.In spite of the decline in value, the number of deals rose to 17 from 14.
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FINTECH ACTIVITIES IN TURKEY ANDAROUND THE WORLD
2019 FINTECH INVESTMENTS IN TURKEY
FINTECH INVESTORS
UndisclosedInvestor
idverif Seed Undisclosed December 31
INVESTMENT STAGE DEAL SIZE DATE
> Source: Startups.Watch - Note: Only the announced investments were listed. This does not include private capital investments and liabilities.
manibux Pytch Ventures Seed Undisclosed August 6
Akaunting KT Portföy TeknogirişimGSYF
Seed Undisclosed August 8
Moneymo Undisclosed Investor
Seed $120.000 November 18
Kobaküs Arz Portföy Seed $350.000 November 28
FinbergBirleşik Ödeme Early VC Undisclosed December 1
Undisclosed Investor,Varol CivilBiLira Seed $250.000 December 2
Bankalarım Undisclosed Investor
Seed $90.000 August 1
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2019 FINTECH INVESTMENTS IN TURKEY
FINTECH INVESTORS INVESTMENT STAGE DEAL SIZE DATE
> Source: Startups.Watch - Note: Only the announced investments were listed. This does not include private capital investments and liabilities.
ComPayFinberg,
Birleşik Ödeme Seed Açıklanmadı April 9
DeğerlemeTakip-DTS Revo Capital Seed $430.000 July 25
Payfull TURK Para Seed $183.000 January 3
kassa Undisclosed Investor
Seed $200.000 June 18
Figopara Revo Capital Seed $743.000 August 1
Paym.es DAAL, Undisclosed Investor
Seed $1.000.000 June 20
manim Undisclosed Investor
Seed $70.000 March 31
Metamorfoz Bosphorist Maturity Stage $185.000 January 4
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NOTES FROM THE WORLD OF FINTECH
2011 2014 2017
%51%62 %69
> Figure 2 (Source: World Bank The Global Findex Database)
Account Ownership Around the World
> Figure 3 (Source: Innovate Finance)
Capital Invested ($bn) Deal Count
Fintech Investments Worldwide
2015 2016 2017
2.315
2.679
3.1353.417
2.827
19,623,9 22,5
49,9
35,7
2018 2019
Cooperations Becoming WidespreadWe are seeing a rise in the number of fintechs adopting win-win mindsets and developing solutions for the weaknesses in incum-bents’ products, rather than competing with them. Such players have had a significant share in the investments in the fintech world. According to the data revealed by Innovate Finance, $35.7 billion was invested in fintechs in 2019. The 2018 figure was $49.9 billion; however, it was found that the last two years saw very close values, except for the colossal $14 billion invested in Ant Financial in the second quarter of 2018. Another remarkable issue was the incumbents’ investments in fintechs. Many banks and insurance companies that have established investment companies utilize the funds they have created to invest in fintechs, which they believe will add value to their products and services. In countries like the USA, where the banking system is much more primitive, more banks are investing in fintechs and responding to consumers’ needs by fintech solutions.
Just a few years ago we were still trying to figure out the meaning of the term “fintech”. Now the term has been internal-ized by the finance and startup ecosystems. Although fintechs were initially predicted to replace banks, it was understood over time that the true benefit for fintech was in cooperation.
Fintechs Increase Financial InclusionChallenger banks have entered the game in many markets, including United Kingdom and Latin America, and the invest-ments made in some of those new players have raised their value to become unicorns. These players have become successful by focusing on the fields where incumbents fall short and on increasing financial inclusion. In addition to next-generation banks, fintechs providing service in various fields contribute to an increase in financial inclusion. This contri-bution is reflected in account ownership revealed by the World Bank data. The rate of adults with bank accounts rose to 69 percent as of the end of 2017. In spite of the positive develop-ment, 1.7 billion adults remaining out of the financial system point to the opportunities that may be presented by a market that will be diversified by the innovative solutions to be introduced by fintech companies.
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An examination of the investments by country reveals that the United States, United Kingdom, India and China stand out. The fact that India receives more than double the investments that China does reflects the current state of digitization in India, where the two largest banknotes, which make up 86 percent of the money in circulation, have been demonetized in 2016. India’s achievement is significant as it has raised its investment value from $1.2 billion in 2018 to $3.9 billion in 2019. The $1.66 billion – top deal in 2019 – invested in Paytm played a key role in this. On the other hand, investments saw a significant drop-off in China, where $26 billion was invested in 2018. After receiving only $1.8 billion in 2019, China must thoroughly analyze the current state of affairs to return to its old days. Efforts to restore good relations with the United States might be an important step in this respect.
> Figure 4 (Source: Innovate Finance)
NorthAmerica
Distribution of Fintech Investments by Region
2015 2016 2017 2018 2019
Europe
Asia
Other %3
%32
%9
%56
%5
%49
%24
%22
%3
%28
%11
%58
%36
%18
%44
%3
%45
%42
%10
India is not the only country to take steps towards popularizing digital payments. Some countries have begun organizing incentive programs to spread cashless payments in an effort to prevent tax loss, combat money laundering and reduce the shadow econo-my. Following the introduction of Japan’s incentive program, which awards points to individuals for their cashless payments, Malaysia and Italy have announced that are working on similar incentive programs.
11
Asia was leading the distribution of investments by continent until this year. Asia accounted for more than half of the investments in 2016 and 2018, when Ant Financial raised funds. However, this changed in 2019, as North America topped the list with 49% of all investments. It is fair to say that this is attributable to the trade war between China and the United States.
USA, UK, China and India at the Top
Besides India, two other countries stand out in top 10: Brazil and Mexico. Their rise in the top 10 indicates that fintechs are taking the correct steps in Latin America, where banking service quality is poor and exclusionary. The region has a low smartphone owner-ship rate, young population and limited financial participation, making it an ideal market for fintechs. Investors who noticed this potential have begun exhibiting interest in the market. In this sense, the $5-billion fund announced by SoftBank in March 2019, which would be used for the investments in technology-oriented startups, made it easier for local fintechs to access capital. Brazil’s 132% increase in fintech investments in 2019 is attributable to rising interest from SoftBank and other reputable investors.
The number of mega deals that exceed $100 million is increasing. There were 39 mega rounds in 2017. This figure rose to 86 in 2019. North America hosted 48 of all mega deals. The number of mega rounds outside North America, Europe and Asia is also rising. It rose from 3 in 2018 to 6 in 2019.
The $400 million invested in the Brazil-based next-generation bank Nubank in July was previously the highest amount invested in a next-generation bank. The San Francisco-based Chime later seized this title with an investment of $500 million received in December.
United States#1 $16,275 m#1 1,095 deals
Mexico#12 $378 m#10 47 deals
Canada#8 $670 m#6 81 deals
China#4 $1,779 m#3 166 deals
Singapore#9 $489 m#5 84 deals
Brazil#6 $859 m#9 56 deals
Germany#5 $1,338 m#7 71
India#3 $3,852 m#4 153
United Kingdom#2 $4,901 m#2 359 deals
France#10 $478 m#8 62 deals
Sweden#7 $777 m#13 37 deals
GlobalTop 10 Countries
> Figure 6 (Source: Innovate Finance)
Top 10 Countries in Fintech Investments
12
48
86
17
15
32
70
11
24
39
13
8
1834
16
16
32
12
15
Number of Mega Deals by Region
> Figure 5 (Source: Innovate Finance)
NorthAmerica
2015 2016 2017 2018 2019
Europe
Asia
Other
More Mega Deals
Major Breakthrough in Latin America
Customers
BankingApplications
Internal API
Customers
Third PartyApplications
Open API
During fintech’s infancy, the majority of the players focused on payments. Although the emphasis is still on the field of payments, recently founded fintech companies are focusing more on other fields, creating more balanced distribution. While many startups create innovative solutions in B2B, lending, international money transfers, robo-advisory, regtech and insurtech, investments in these fields have reached significant levels.
Consolidation Era in Payment TechnologiesThe diversification of payment experiences created by new technologies, a new generation of players taking a slice from the pie, and the pressure on transaction fees and profit margins are risks for current market players. In an effort to retain power, compa-nies attempt to acquire other companies that could complement them. Companies that identify options that create cost advantag-es and operational efficiency, and that aim to acquire ideal organizations, have made many acquisitions since 2019. The transac-tions that stand out among them are listed below.
January 2019:Fiserv to acquire First
Data for$22B
Hot Topics:Open Banking and Central Bank Digital Currencies (CBDC)The world of finance has recently yielded game-changing trends. The most important among them is open banking. Open banking, which involves banks sharing their customer data with authorized third parties upon customer consent, are becoming popular upon the directives of regulatory bodies in countries such as UK and through innovative banks taking initiative in countries such as the USA. It is fair to say that individuals will be the true beneficiaries of open banking, which is expected to boost innovation and competition worldwide and also in Turkey.
The CBDCs are another recent trending topic in finance. In fact, several central banks have considered digital currency for some time. Recent developments such as Libra, which is a project led by Facebook and supported by several reputable organizations, and decreasing popularity of central bank-issued banknotes in consequence of digital payments’ gaining traction have made CBDCs top priority for central banks. CBDCs will continue to be a hot topic in the finance world in the coming years.
Traditional and Open Banking Structures
13
> Figure 8 - (Source: FinTech Istanbul Report - Open Banking in in the World and Turkey)
> Figure 7 - Recent Major Acquisitions and Mergers in the Field of Payments
Fintechs’ Points of Focus Diversify
2019 2020
March 2019:FIS to acquire
WorldPay in a dealvalued at $43B
May 2019:Global Payments to
acquire TSYS for$21.5B
August 2019:Mastercard to acquire themajority of Nets’ corporate
services businesses for$3.19B
November 2019:Paypal to acquire
Honey for$4B
January 2020:Visa to acquire
Plaid for$5.3B
February 2020:Worldline to acquire
Ingenico at a valuationof $8.6B
You can scan the QR code to access our comprehensive report on open banking, which is emerging in Turkey.
FINTECH IN NUMBERS
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Fintech deal count dropped from 3,417 to 2,827. Of these transactions, 1,095 took place in North America.
Fintech deal size declined by 28% to $35.7 billion in 2019.
The top-five transactions accounted for 11% of total investment value. This has been the lowest rate in the last five years. It was 40% in 2018. This development shows that investments are more balanced than they were in previous years.
The investment amount in Asia decreased by 73% to $7.8 billion. Consequently, Asia lost its status as the “region with the most fintech deals”.
In Europe, fintech investments increased by 49%, reaching$8.5 billion.
China accounted for only $1.8 billion of the investments made in Asia. Whereas in 2018, the amount of investment made in China was $26 billion. On the other hand, fintech investments in India increased by 221% to $3.9 billion.
FINTECH IN NUMBERS
15
Fintech investments in North America increased by 25% to $17.3 billion. This made North America the source of half of the investments value and the new holder of the “region with the most fintech investments” title.
There are a total of 236 million cards (166 million debit cards and 70 million credit cards) in Turkey.
$ 123
12
34
5
67
8
90
12
DEB
IT C
ARD
The share of card payments in household spending rose from 38% to 41%.
Card payments in Turkey accounted for 978 billion Turkish lira with a 20-percent increase in 2019.
Payments constituted 60% of all debit card transactions. This data shows that debit cards, which were commonly known as “salary cards” or “ATM cards” in the past, are now widely considered a payment instrument. Three quarters of debit card transactions were cash withdrawals in 2010.
While the number of open banking users in UK reached one million, the number of authorized entities doubled in the last year, reaching 204. An open banking application launched in South Korea in 2019, amassing 2.4 million registered users in its first two months.
16
The value of payments made with corporate credit cards increased by 19% and reached 209 billion Turkish lira. Payments made with corporate credit cards comprised a quarter of all card payments.
The number of TROY-branded cards exceeded 10 million.
Debit cards accounted for a third of all card payments in Turkey.
While TROY’s mobile contactless payment technology started offering a fast and secure payment experience for both Android and iOS users, QR code payment is also ready to use. Additionally, the chip integration developed by the TROY Innovation Center has made payments by wearable technologies possible.
FINTECH IN NUMBERS
CREDIT CARD
CREDIT CARD
DEBIT CARD
PAYMENT
Payment Services
In-Store Payment / Mobile POS
Bill Payment
Pre-Order & Pay
Money Transfer, Remittance
Collection (Real Estate)
TURKISH FINTECH ECOSYSTEM MAP
17
hepsipay CV iPara (Acquired) iyzico $22M mokapos $1.5M paratika - paynet - PayTR - Paytrek - PayU FV Wirecard - Payby.Me -
GameSultan - payguru - TT Ödeme H. CV
Prepaid & Discount Cards (B2B & B2C)
gustokart - ininal $2.5M paysafecard - EYCA -
Banking Payment
ComPay -
Law No. 3100
Arçelik, ATP, Belbim, E DATA, Enpos, Escort, Hugin, Infobit, Informatik, Infoteks, Ingenico, nter Mühendislik, Interpos, Mepsan,
Mikrosaray, NCR, Omni, Panaroma, Pavo, Payport, Perkon, Protel, Rina Bili im, Teknosa, Turpak, Vera (MT Bilgi), Wincor
New Generation Cash Register Order Screening (B2B)Adisyon, Adisyon Takip, Akınsoft, Angel POS, AriaPos, AtlasPOS, Aybit, Ayrax, Boylam, CostGuide, Dara, ExpertPOS, Imka Bili im, Intek Rest, KerzzPos, Magpos, Makfasoft (m-Rest), MayPOS, MeliPOS, Menulux, Mobres (Mikom), Omni (Vectron - Nova), Orion, Paypad, Pits Otomasyon, Pratik Yazılım (Flexxi), Protel, Pyro, Ramases, Restaurant Express, Resto, Restpro, Robot Pos, ROP, SambaPOS, Sentez, Sispar, Sistem Restoran, Sofra Restoran, Vega Yazılım, WinPOS
Buy Buddy $50K FulleGitsin CV K-Pay - ObiGarson - öde.al (Acquired) Platinum Masa CV tubupay - YoroPay - ikas - Manikod - Pirigo -
Bakiyem -
bpn - CMT - Gönder-al FV Mangr - Ria Turkey FV Sender - Skrill FV UPT - PayPorter - Western Union FV TransferGo FV
TransferWise FV Tosla CV JokerMenu - Menulux - Smart Order - Tegmos - Yemexpress -
(Law.No 6493)
Birle ik Ödeme - Buradaöde - Efix - elekse - Faturakom - Faturamatik - FaturaTim - Fatura Vizyon - FÖY - N Kolay - Pratik lem -
Apsiyon $2.5M biyos - BulutYönetim - dijiyon - e-kira - KendinYönet - kiraplus - e af Yönetim - uçarku - Yönetimcell -
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PAYMENT (Cont.)
Digital Wallet
Card Schemes
Convers. Banking / Chatbot
Infrastructure (Banking & Payment)
Unbanked Data Cyber-Security Challenger Banks
Aggregator
Collection (NGO&Club) Collection (Others)
Fonzip $65K Raklet FV ats - etcBASE - Esnek Ödeme - Intime Solutions - JointPOS - netahsilat - Payfull -
Epik Teknoloji - Jet ube - Oden - Subscreasy - Zebrapos -
BANKING
Beemo - BKM Express CV GPay - Mobilexpress - papara - Paycell CV peppara - Vodafone Cep Cüzdan - Alneo Cüzdan CV Param -
American Express FV Diners Club FV Discover FV Mastercard FV VISA FV TROY CV UnionPay FV
BulutTahsilat CV Kobaküs - manim - nakitex - Finstant - Nakit Yönetim CV BirAPI - Vomsis -
Chatbank - dahi.ai - Multinet UP - P1M1 - SoolX - BVK Technology - insha CV
Asseco SEE FV Banksoft - BIS Solutions - PayCore $19.3M Cybersoft - Fineksus - Global Payment - innova - moneymo - Adam - C-Bili im -
Verisoft - Payten CV Provision - Turk Finansal Teknoloji -
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BANKING (Cont.)
Application Provider
Card Operational Service Provider Governance, Risk M., Compliance
Codevist - Enqura - Finartz - iPos - metamorfoz - Mobven - MOS Teknoloji - tmobtech - Commencis - Veripark - Verisun -
PayBuy - RS Positive - Yaz - Architecht -
AUSTRIACARD FV E-KART CV Mastercard PTS CV PlastKart CV Mapikart - Finecus - Sanction Scanner -
FINANCING
Credit Scoring
Credit Comparison/Consolidate
Alternative Lending/Financing
Consumer Financing SME Financing
Consumer Financing Tech.
Euler Hermes FV Fanaliz - Fideas - Findeks CV Kredico $115K Tarfin $160K Tekkredi - Crede - H3M.IO -
artıpara - Enuygun - HangiKredi CV Hesapkurdu - Kredya -
Supply-Chain Financing
P2P Lending
figopara CV Octet FV UbiQ Innovations FV
Finovatif - KrediLink - SerbestVade - Turk Finansman - nannodit - Trusturk -
Alj, DD, Evkur, Koç Fiat Kredi, Koç F., Mercedez Benz, Orfin, Tırsan, Turkcell, VFS, Volkswagen Do u
Law No. 6361
Fon Radar -
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CORPORATE FINANCE
Bookkeeping
Accounting
Payroll
Comparison & Offers
Risk Management Damage Management Underwriting
Budget & Cost Man.
E-Invoice
Risk Management
Aymada CV BirFatura - BizimHesap $490K Defter - ekohesap $88K MEPBulut - Muhsis - KolayBi - Para üt $4.5M Akaunting - BasitKobi -
Finansfix - Lifount - Logo ba ı CV Mikro X - Workif - TR Cari - Mükellef -
ETA - Login Yazılım - Logo (Public) Luca CV Mikro Yazılım - Nebim - UzmanVergi -
dakika - KolayIK $443K OnlineBordro - Workcube -
Finans Müdürü - FIRMS -
masra -
Law No. 421
Ayasofyazılım, BIMSA, Bizofis, BNG, CRSSOFT, D.T.P. (Digital Planet), Do u Teknoloji, EDM Bili im, Efinans, EVE Elektronik H., Foriba, GAP Bili im, Havelsan, Hobim, IBM, Idea Teknoloji, Innova, Intecon, ISIS Bili im, I Net, Izibiz Bili im, KKB, Koç Sistem, LOGO, Mebitech, Medyasoft, Mikro Yazılımevi, NES Bilgi, Protel, PTT, SNI, Solon, Türk Telekom, TÜRKKEP, Turunç Bili im, Uyumsoft, VBT, Veriban, Turk Bilgi Teknolojileri
INSURANCE
Bisigortacı - Koalay FV Sigorta Dükkanım - Sigortacı123 - Sigorta Küpü - Sigortam.net CV sigortayeri - Sigorta Cini - TamamlayıcıSa lık - BiSigorta - Sigortaliyo -
Stu App - Globit - Risklator - insaatbutunriskler - Ketsoft - UrbanStat $513K
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Agent Tools & Policy & Claim Management
Polibis - PolitaSIS - Ada Yazılım - CRM2C - Elwin (Bentas) - Open Yazılım - Polixir - PSP - Polisoft - Archmir -
End-to-End Platforms
INSURANCE (Cont.)
Agito -
Bancassurance Data P2P&Group Insurance
Vizyoneks (Maya) - Tarla.in - wigorta -
CROWDFUNDINGReward Based
Public Market & FX
Infrastructure Private Market Real Estate
Arıkovanı CV crowdFON - fongogo - fonlabeni - fonbulucu -
Donation Based
Bulu um CV E-Bursum - ideanest -
INVESTMENT
Fintables - FTech Labs - Matriks Trader - miks - Rasyonet - Portfoyist - Arya - GC - Balya -
Infina - Tradesoft - GENEX - BIST Özel Pazar CV
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ASSET MANAGEMENT
Personal Finance Management
PFM
artıpara - Familup - Finansal Ajanda - GiderimVar - manibux - kassa -
WEALTH MANAGEMENTRobo-Advisory
AkıllıBES - Digifin - ÖNER VER - VeriZeka -
Asset Management
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24
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